IFSC Code of Punjab National Bank, Jay Nagar, Distt. Madhubani ,B Branch, Bihar

Use this page as a one-stop reference for everything related to Punjab National Bank's JAY NAGAR, DISTT. MADHUBANI ,B branch in JAYNAGAR ,DISTT-MADHUBANI, BIHAR. The branch's IFSC code PUNB0023700 is the key identifier you need whenever a remitter, employer or biller asks for a bank routing number to send funds to an account held at this branch. We have also included the branch's postal address, telephone number, banking hours, common services, and an extensive FAQ block that should answer almost every question that comes up when you are about to add this branch as a beneficiary in your net-banking app for the first time.

An IFSC (Indian Financial System Code) is an 11-character alphanumeric code issued by the Reserve Bank of India. It uniquely identifies every bank branch that participates in the RBI's electronic fund-transfer systems – NEFT, RTGS and IMPS. The first four characters represent the bank, the fifth is always a zero (reserved for future use), and the last six characters identify the specific branch.

For Punjab National Bank's JAY NAGAR, DISTT. MADHUBANI ,B branch, the IFSC PUNB0023700 breaks down as follows: PUNB identifies the bank, 0 is the reserved character, and 023700 identifies this particular branch.

Branch details at a glance

About Punjab National Bank

Punjab National Bank operates a wide network of branches across India, including the Jay Nagar, Distt. Madhubani ,B branch in Jaynagar ,Distt-Madhubani. Each branch is enabled for NEFT, RTGS, IMPS and core banking, allowing customers to send and receive money anywhere in the country using a unique IFSC – in this case, PUNB0023700.

Jay Nagar, Distt. Madhubani ,B branch overview

Located at DIST.-MADHUBANI, the Jay Nagar, Distt. Madhubani ,B branch handles regular banking operations such as account opening, fixed and recurring deposits, locker facilities, loans, and trade finance services where applicable. The IFSC PUNB0023700 is required for all interbank electronic transfers routed through this branch.

The role of IFSC in India's payments network

India's electronic payment infrastructure — NEFT, RTGS, IMPS, UPI and the National Automated Clearing House (NACH) — is built on a single principle: every participating bank branch must be uniquely identifiable by an alphanumeric code. The Reserve Bank of India introduced the IFSC system to fulfil this requirement, and that is how Punjab National Bank's JAY NAGAR, DISTT. MADHUBANI ,B branch came to be assigned the code PUNB0023700.

Whether you are receiving a salary on the first of the month, paying a vendor invoice, settling an EMI, or accepting a refund from an e-commerce platform, the IFSC is the silent piece of metadata that tells the network where your account lives. Without IFSC PUNB0023700, money simply cannot be routed to the JAY NAGAR, DISTT. MADHUBANI ,B branch electronically.

How to transfer money using IFSC PUNB0023700

Online transfers in India are powered by three major channels — NEFT, RTGS and IMPS — and each one requires a destination IFSC. Below is a quick guide for using IFSC PUNB0023700 across all three.

How to use IFSC PUNB0023700 for an NEFT transfer

NEFT (National Electronic Funds Transfer) is the most widely used method for sending money to Punjab National Bank's JAY NAGAR, DISTT. MADHUBANI ,B branch. NEFT now settles on a 24x7 basis in half-hourly batches and has no upper limit for retail customers (individual banks may impose their own caps).

1. Log in to your internet banking or mobile banking app.
2. Choose Add Beneficiary and select NEFT / Other Bank.
3. Enter the beneficiary name, account number and the IFSC PUNB0023700.
4. Confirm the bank name auto-populates as Punjab National Bank and the branch as JAY NAGAR, DISTT. MADHUBANI ,B.
5. Approve the beneficiary using OTP. Once activated, transfer any amount and the credit will reflect in the next NEFT cycle.

Real-Time Gross Settlement to JAY NAGAR, DISTT. MADHUBANI ,B

If you need to transfer ₹2 lakh or more in one go to an account at Punjab National Bank's JAY NAGAR, DISTT. MADHUBANI ,B branch, RTGS is the right channel. Each transaction is settled individually in real time. Use IFSC PUNB0023700 while initiating the transfer and the credit will appear within minutes.

IMPS to Punjab National Bank JAY NAGAR, DISTT. MADHUBANI ,B (IFSC PUNB0023700)

IMPS (Immediate Payment Service) offers instant, 24x7 fund transfers up to ₹5 lakh per transaction. Provide the beneficiary's account number along with IFSC PUNB0023700 in your mobile or internet banking app, and the money is credited to the JAY NAGAR, DISTT. MADHUBANI ,B branch account within seconds.

NEFT vs RTGS vs IMPS — which one should you use?

All three modes accept the IFSC PUNB0023700 for Punjab National Bank – JAY NAGAR, DISTT. MADHUBANI ,B, but they differ in speed, minimum amount and use case. The table below summarises the differences so you can pick the right channel for the situation at hand.

For most retail customers crediting the Jay Nagar, Distt. Madhubani ,B branch, NEFT or IMPS will be the quickest and most economical option. RTGS comes in for one-off, high-value movements such as property purchases, vendor settlements or large gifts.

UPI payments and IFSC PUNB0023700

UPI (Unified Payments Interface) has become the default way for individuals to send money in India. While most UPI transactions are addressed using a Virtual Payment Address (VPA) like name@bank, the underlying account at Punjab National Bank – JAY NAGAR, DISTT. MADHUBANI ,B is still mapped to IFSC PUNB0023700. When a customer links a savings or current account to a UPI app for the first time, the app silently looks up this IFSC against the account number to verify the account exists. The VPA acts as a friendly alias on top of the same plumbing.

If a UPI transfer to or from this branch fails, the most common reasons are an inactive UPI handle, a daily limit breach or a temporary outage at one of the participating banks — not the IFSC. You can always fall back to NEFT or IMPS using the IFSC PUNB0023700 and the beneficiary's account number to complete the transfer.

Account types you can open at the Jay Nagar, Distt. Madhubani ,B branch

Once you have an account at Punjab National Bank – JAY NAGAR, DISTT. MADHUBANI ,B, the IFSC PUNB0023700 stays the same regardless of the type of account you hold. The branch typically supports the following options:

• Savings account — for individuals, with chequebook, ATM card and net-banking access.
• Current account — for sole proprietors, partnerships and companies that need higher transaction volumes.
• Salary account — opened in bulk for corporate employees, often with zero-balance benefits.
• NRE / NRO accounts — for non-resident Indians who want to repatriate or maintain rupee balances in India.
• Fixed deposit and recurring deposit — term-based investment accounts with quarterly or cumulative interest.
• Senior citizen accounts — concessional minimum balance and a small interest rate premium on FDs.
• Minor and student accounts — operated jointly with a guardian until the customer turns 18.

Eligibility, minimum balance and KYC requirements vary by product. Speak to a relationship officer at the branch for the latest schedule of charges and interest rates.

Products and services

Customers walking into the Jay Nagar, Distt. Madhubani ,B branch can access most of Punjab National Bank's standard product suite, including:

• Account opening – savings, current, NRI, salary
• Term deposits and recurring deposits
• Retail and small-business loans
• Insurance and mutual-fund tie-ups
• Locker, safe deposit and ATM card services
• Online and mobile banking activation
• Electronic transfers via IFSC PUNB0023700

MICR code & cheque clearing

Apart from IFSC, every cheque book issued by Punjab National Bank carries a 9-digit MICR (Magnetic Ink Character Recognition) code that is read by cheque-sorting machines. The MICR code, the IFSC PUNB0023700 and the account number together uniquely identify the Jay Nagar, Distt. Madhubani ,B branch and your account. The MICR for this branch is printed at the bottom of your cheque leaves.

Digital banking channels

Most day-to-day work that customers used to do at the Jay Nagar, Distt. Madhubani ,B branch counter can now be completed digitally — adding a beneficiary, transferring funds, applying for a fixed deposit, raising a service request or downloading account statements. The IFSC PUNB0023700 is the link between the digital channel and the branch ledger; once a transaction is confirmed, the credit or debit is reflected in the same core banking system that the branch officers see.

Common mistakes to avoid when using IFSC PUNB0023700

An incorrect IFSC almost always results in a failed transfer or, worse, a credit to the wrong branch. Before you click Confirm on a transfer to Punjab National Bank – JAY NAGAR, DISTT. MADHUBANI ,B, double-check for these issues:

• Confusing 0 with O. The fifth character of every IFSC is the digit 0, not the letter O. Read carefully.
• Spaces or hyphens. Do not put spaces in the IFSC. It is exactly 11 characters: PUNB0023700.
• Wrong branch. A bank can have dozens of branches in the same city. Make sure you are using the IFSC for the actual branch where the beneficiary holds the account, not just any nearby branch.
• Old IFSC after a merger. If two banks have merged, the IFSC may have been reissued. Always verify with a recent passbook or cheque leaf.
• Copy-paste from chat. Auto-correct on phones can silently change letters in IFSC codes. Type carefully or copy from a trusted source like the cheque book.

How to reach the Jay Nagar, Distt. Madhubani ,B branch

The branch is located at DIST.-MADHUBANI, which puts it inside Jaynagar ,Distt-Madhubani, the broader Jaynagar (distt-Madhubani) district, and the state of Bihar. To plan your visit:

1. Open Google Maps on your phone and search for “Punjab National Bank Jay Nagar, Distt. Madhubani ,B branch” — the verified location pin for IFSC PUNB0023700 should appear at the top of the results.
2. Confirm the branch is open by calling the branch contact number before stepping out, especially around public holidays.
3. Carry photo ID and any account-related documents you may need for the transaction you plan to do.

Most banking work — passbook updates, fund transfers, statement downloads — can also be completed online without visiting the branch in person, as long as you know the IFSC PUNB0023700 and your account number.

Other ways to verify the IFSC code

While this page already lists the verified IFSC PUNB0023700 for Punjab National Bank – JAY NAGAR, DISTT. MADHUBANI ,B, you can cross-check the code from any of these sources before initiating a high-value transfer:

• The front of the cheque book issued by the branch – the IFSC is printed at the top of every leaf.
• The first page of your passbook.
• The bank's official website under the branch locator.
• The Reserve Bank of India's IFSC search portal.
• Net banking dashboards usually display the home-branch IFSC under account details.

Working hours

Branch counters at Jay Nagar, Distt. Madhubani ,B are usually open from 10 AM to 4 PM on weekdays. Saturdays follow the RBI's alternate-Saturday rule. Even when the branch is closed, NEFT, RTGS, IMPS and UPI transfers addressed to PUNB0023700 continue to work without interruption.

Branch address & contact

Frequently asked questions

Final notes

To recap: PUNB0023700 is the IFSC code of Punjab National Bank, JAY NAGAR, DISTT. MADHUBANI ,B branch, in JAYNAGAR ,DISTT-MADHUBANI, BIHAR. It is required for every electronic transfer to an account held at this branch. We keep this page updated with the latest address and contact details, so you can rely on the information here for your day-to-day banking needs.